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How Real Estate Commissions Work when Selling

Traditional Real Estate

In a traditional real estate transaction, you would pay an average of 6% commission at closing to your agent. For a $200,000 home, that's $12,000 of your equity!

If the buyer also has a real estate agent, this 6% commission is traditionally split between your agent and the buyer's agent. Note the full 6% commission must be paid, even if you find the buyer for your home, such as a co-worker, friend, or relative. That's a lot of money. In a few high price areas and upper price ranges, commissions around 5% have become common, with a 2.5% buyer agent commission (also known as co-op, split, selling commission, etc.)

Listing with Buyself

With a flat fee listing, instead of paying that 6%, at listing you pay just a low flat fee that averages around $399 to $499 depending on your area.

When your home sells, one of two things happens:

If your buyer has an agent: Instead of paying a high commission of 6%, you pay a much lower commission, usually around 3%. This commission can be set by you and varies between 2-3.5% depending on your area. Looking at that same $200,000 home, that's a savings of $7501 or more, minus the normal closing costs!

If your buyer does not have an agent: You just saved even more, because there is no selling commission, just the normal closing costs. For the same $200,000 home, that's a savings of $11,501 or more, minus the normal closing costs!

Saving Commission when Selling a Property with BuySelf

Property Sale Price

Savings with BuySelf Realty

Traditional Broker 6% Commission

Buyself Broker - Property Sold by Buyer's Agent (avg. 3%)

Buyself Sale with No Buyer's Agent Involved (no commission)

$100,000

$2,601 to 5,601

$6,000

$3,000 + $299-499*

$299-499*

$200,000

$5,601 to 11,601

$12,000

$6,000 + $299-499*

$299-499*

$300,000

$8,601 to 17,601

$18,000

$9,000 + $299-499*

$299-499*

$400,000

$11,601 to 23,601

$24,000

$12,000 + $299-499*

$299-499*

* Average Listing fee paid prior to listing, see service page for your area for exact amount.

Our brokers and support team are ready to share their expertise, whether you're selling for the first time or run into a new question.

If you'd like a little guidance from our team, they're ready to talk/text/email. If you like to do it yourself, we've got a library of home selling guidance waiting for you to explore. Wherever you go, you'll find support and resources to ensure your home selling success.

Local real estate laws, markets, service prices, pictures of items for sale, and procedures may differ. BuySelf, Inc. is a licensed real estate brokerage in Illinois, Ohio, Minnesota, Maryland, Tennessee, Missouri, and Virginia. Service in other states is available. This website is a general guide/referral website to services available in many different areas.